Markets Fall Over 2% Amid West Asia Tensions and Crude Spike

Benchmark indices opened sharply lower on Wednesday as rising West Asia tensions and higher crude oil prices hurt investor sentiment. Sensex dropped 1,442 points, while Nifty fell 454 points (at the time of posting this post). Weak global markets and fears of inflation also weighed on equities, with analysts warning of volatility if Nifty fails to hold above 24,500. Major Lossers -